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By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | February 27, 1998
The Rouse Co. announced plans yesterday to raise its quarterly common stock cash dividend to shareholders to 28 cents per share, a 12 percent increase over the company's 1997 dividend.The Columbia-based real estate concern said that the new dividend rate will be payable March 31 to stockholders of record as of March 16.Rouse began paying a dividend on its common shares in 1978, and in the past two decades has increased the payout 18 times, for a compound annual growth rate averaging more than 15 percent.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | June 3, 2014
First Mariner Bancorp's days of publicly traded stock are coming to an end. The Baltimore-based company said in a U.S. Securities and Exchange Commission filing Monday that it expects its stock will be delisted from the OTC Bulletin Board as soon as June 24, "at which point the Company anticipates that there no longer will be a trading market for the Common Stock. " First Mariner - which filed for bankruptcy protection in February and auctioned off 1st Mariner Bank to an investor group - said the Financial Industry Regulatory Authority warned that its stock would be removed from listing if it does not file a quarterly financial report by June 23. First Mariner says it doesn't intend to make that filing.
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BUSINESS
By MINNEAPOLIS STAR TRIBUNE | May 3, 2005
MINNEAPOLIS - These are good times for stockholders of long-distance firm MCI Inc., the beneficiaries of a high-stakes bidding war. MCI accepted yesterday a sweetened $8.4 billion bid from Verizon Communications Inc. over a rival $9.75 billion offer from Qwest. But that won't help another, forgotten class of shareholders - those who lost everything when MCI, formerly known as WorldCom, filed for the nation's largest bankruptcy in July 2002, because of an accounting fraud scandal. By the time WorldCom emerged from bankruptcy as MCI in April 2004, its original common stock was worth nothing and thousands of stockholders had watched their money vanish.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | October 2, 2013
Hunt Valley-based Omega Healthcare Investors has announced a public offering of 2.5 million shares of common stock priced at $30 per share. Omega, a real estate investment trust that invests in skilled nursing and assisted living facilities and specialty hospitals, plans to raise $75 million. The proceeds will be used for general purposes, possibly including a previously announced deal to acquire 56 skilled nursing centers from Ark Holding Co. Inc. for $525 million and lease them back to Ark. Omega owns or holds mortgages on 477 facilities with more than 55,000 beds in 33 states.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | March 9, 1996
Columbia-based Biosys, a biotechnology company developing insect control products for agriculture, said yesterday it will hold a stockholders meeting Friday to vote on a proposed merger with AgriDyne Technologies Inc, of Salt Lake City, Utah.The meeting will be at 10 a.m. at the the corporate headquarters, 10150 Old Columbia Road.L If approved, the merged companies would be known as Biosys.Shareholders also will be asked to vote on a proposed reverse stock split of the outstanding shares of biosys common stock.
BUSINESS
June 14, 1994
2 hospital companies mergingCommunity Health Systems Inc. will buy Hallmark Healthcare Corp. in a $175 million stock and debt deal that merges two of the nation's largest owners of rural and suburban hospitals.Community Health will exchange 0.97 shares of its common stock for each share of Hallmark's common stock. In addition, Community Health will exchange 5.4 shares of its common stock for each share of Hallmark's preferred stock.The merger also calls for Houston-based Community Health to assume $87.6 million of Hallmark's debt.
BUSINESS
March 19, 2008
NYSE Euronext Shares climbed $5.73 to finish at $62.19 yesterday. It will buy back up to $1 billion of its common stock even as it pursues its planned acquisition of the American Stock Exchange.
NEWS
January 6, 1991
Merry-Go-Round Enterprises Inc., a leading specialty apparelo chain based in Joppa, announced that its Board of Directors declared a three-for-two common stock split in the form of a 50 percent stock dividend payable on Jan. 4, 1991, to shareholders of record at the close ofbusiness, Dec. 21, 1990.This action was taken in recognition of the company's continuing growth and with hopes of broadening the stockholder base.After the stock spit, the quarterly dividend rate on the company's common stock will be $.02 per share, which represents a 20 percent increase in the dividend rate.
BUSINESS
April 6, 1994
Airline offers employees stockContinental Airlines said yesterday that it will give employees a stake in the Houston-based carrier and also restore remaining pay cuts ordered in 1991 when the airline was struggling to emerge from bankruptcy. Continental said it would grant about 1 million shares, or about 4 percent, of its common stock. After the company emerged from bankruptcy in April 1993 it authorized the issuance of common stock.In November 1991, the workers had to take an average 10 percent pay cut. Since 1991, three-quarters of that cutback has been restored, and yesterday the airline said it would restore the remainder.
NEWS
July 31, 1992
A story in the business section of yesterday's edition of The Sun incorrectly said that USF&G Corp. did not pay a dividend on its common stock. Currently it pays a quarterly dividend of 5 cents a share.The Sun regrets the error.
BUSINESS
July 24, 2013
1998: Martin Roesch makes a program called Snort, which "sniffs out" network hackers and viruses , available for free online. 2001: Roesch founds Sourcefire in his Carroll County living room in order to produce a commercial version of Snort. October 2005: Check Point Software Technologies Ltd., an Israeli company, announces plans to acquire Sourcefire for $225 million. March 2006: Check Point abandons the acquisition after a federal panel begins investigating the deal. Federal officials opposed the acquisition, fearing it could result in the exposure of the government's network practices.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | September 7, 2012
Fairmount Bancorp announced Friday that it plans to repurchase up to 25,000 shares of its common stock, or about 5 percent of the total outstanding shares. The parent of the Baltimore County-based Fairmount Bank said it will buy shares periodically over the next six months depending on market conditions. Joseph M. Solomon, president and CEO, said in a statement that the company's strong capital position allows it to conduct the buyback to enhance stockholder value.
BUSINESS
By Hanah Cho, The Baltimore Sun | October 13, 2011
Fairmount Bancorp, the holding company of its namesake bank in Rosedale, announced Thursday that it had completed the acquisition of Baltimore's Fullerton Federal Savings Association. Under the deal, Fairmount sold $793,000 of its common stock to Fullerton Federal depositors and to Fairmount's employee stock ownership plan. Shares were also offered to the public. Hanah.cho@baltsun.com
BUSINESS
By Seattle Post-Intelligencer | April 9, 2008
SEATTLE -- Washington Mutual Inc. heaped more bad news on its beleaguered employees and shareholders yesterday, announcing thousands more layoffs, a capital-infusion deal that sent the stock price tumbling, another dividend reduction, and first-quarter results that will be worse than the already low expectations. The slim piece of good news was that the nation's largest savings and loan found investors willing to put $7 billion worth of new capital into the company. That infusion is designed to help Washington Mutual weather the storm of delinquent and defaulted loans that threatens to spread from subprime lending to conventional home loans, home equity lines of credit and credit cards.
BUSINESS
March 19, 2008
NYSE Euronext Shares climbed $5.73 to finish at $62.19 yesterday. It will buy back up to $1 billion of its common stock even as it pursues its planned acquisition of the American Stock Exchange.
BUSINESS
By Eileen Ambrose and Eileen Ambrose,Sun Columnist | April 17, 2007
Bill of Brooklyn Park likes to hold preferred stock because of its generous dividends. So the retiree was disappointed when a utility company cashed out his shares. Now he's having trouble finding other companies that still have preferred stock. He asks: Any ideas where to find them? If you're unfamiliar with preferred stock, it's a hybrid between a bond and a stock - but more bond than stock. Investors buy preferred stock for the fixed-rate dividends, often yielding 6 percent to 9 percent, rather than for potential appreciation in the stock price.
NEWS
March 3, 1991
The directors of the Baltimore Gas and Electric Co. declared a regular quarterly dividend of 52.5 cents per share on common stock and quarterly dividends at the specified rates for all outstanding preferredand preference stocks.All dividends are payable April 1 to holders of record at the close of business on March 11.
BUSINESS
By Michael Oneal and Phil Rosenthal and Michael Oneal and Phil Rosenthal,Chicago Tribune | September 22, 2006
CHICAGO -- After a five-hour board meeting yesterday, Tribune Co. Chief Executive Officer Dennis J. FitzSimons said he will substantially restructure the company and agreed to be monitored by a committee of independent board members as management explores alternatives. "Everything's on the table," FitzSimons said after the meeting, noting that the committee will review a range of options, including taking the company private in a leveraged buyout, spinning off the company's television stations and selling various newspapers.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | July 22, 2005
Dean J. Mitchell, the chief executive officer of Guilford Pharmaceuticals Inc., is due to receive about $3.7 million - triple his base salary plus accelerated vesting of stock - upon the sale of the Baltimore biotech company which he arrived to lead eight months ago. Guilford's sale to MGI Pharma Inc. of Bloomington, Minn., for $177.5 million in cash and stock was announced yesterday. Mitchell, formerly a vice president at Bristol-Myers Squibb Co., began Dec. 1 at Guilford. He took over for Dr. Craig R. Smith, a Guilford co-founder and chief executive officer who retired last fall.
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